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Arrow Resources Development, Inc.: Arrow's Principal Shareholder Invests an Additional $250,000


Published on 2009-01-21 09:35:23, Last Modified on 2009-01-21 09:35:51 - Market Wire
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NEW YORK, NY--(Marketwire - January 21, 2009) - Arrow Resources Development, Inc. (OTCBB: [ ARWD ]) announces that Hans Karundeng, both chairman of PT Tiga Duan and Arrow Pacific Resources Group Limited (majority shareholder of Arrow Resources), has invested an additional $250,000 in Arrow Resources Development, Inc. through the purchase of 2,500,000 shares of common stock in Arrow Resources Development, Inc. at $0.10 per share. Arrow Pacific Resources Group Limited is currently the principal shareholder of Arrow Resources Development, Inc.

About Arrow Resources Development, Inc. ("Arrow")

Arrow Resources Development, Inc. develops and coordinates corporate operations, finance, sales and marketing activities along with the administration of the corporate citizenship programs for natural resource development companies in the Asian market. Its initial relationship with Arrow Pacific Resources Group Limited (BVI Company) is for the development of large scale plantation/farming operations in Indonesia. Arrow has signed a similar agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup (GMPLH), and GMPLH's joint venture partner, PT Tiga Duan (Indonesian company owned by Arrow Pacific) for the large scale plantation/farming and ethanol plants in Indonesia. Arrow's agreements entitle the Company to 10% of all gross revenue generated by all their partners' plantation/farming including any and all sales of natural resources and derivative products (e.g. paper, pulp, chips, etc.).

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